SCHEDULES

SCHEDULE 3Amendments of remaining provisions of the Companies Act 1985 relating to offences

Destruction, mutilation etc of company documents

I14

1

For subsection (3) of section 450 of the Companies Act 1985 (offence of destroying, etc company documents) substitute—

3

A person guilty of an offence under this section is liable—

a

on conviction on indictment, to imprisonment for a term not exceeding seven years or a fine (or both);

b

on summary conviction—

i

in England and Wales, to imprisonment for a term not exceeding twelve months or to a fine not exceeding the statutory maximum (or both);

ii

in Scotland or Northern Ireland, to imprisonment for a term not exceeding six months, or to a fine not exceeding the statutory maximum (or both).

2

Omit subsection (4) of that section.